PPG INDUSTRIES INC — fact timeline

PPG INDUSTRIES INC reported first quarter 2026 results: revenue Net sales of $3.9 billion, net income Net income $382, EPS reported earnings per diluted share (EPS) of $1.70. Guidance reaffirmed.

“PPG reports first quarter 2026 financial results • Net sales of $3.9 billion, an increase of 7% versus prior year • Organic sales increased 1% year over year driven by higher selling prices • First quarter reported earnings per diluted share (EPS) of $1.70 and adjusted EPS of $1.83, an increase of 6% year over year • Segment margin of 16% and segment EBITDA margin of 19% • Share repurchases in the quarter totaled about $100 million • Reaffirms full-year 2026 EPS guidance range of $7.70 to $8.10”

Vincent J. Morales departed as Senior Vice President and Chief Financial Officer at PPG INDUSTRIES INC.

“On April 28, 2026, PPG Industries, Inc. (the “Company”) issued a press release announcing that Jamie A. Beggs will join the Company as Senior Vice President and Chief Financial Officer, effective July 6, 2026 upon the previously reported retirement of Vincent J. Morales which will also be effective July 6, 2026.”

Jamie A. Beggs was appointed as Senior Vice President and Chief Financial Officer at PPG INDUSTRIES INC.

“On April 28, 2026, PPG Industries, Inc. (the “Company”) issued a press release announcing that Jamie A. Beggs will join the Company as Senior Vice President and Chief Financial Officer, effective July 6, 2026 upon the previously reported retirement of Vincent J. Morales which will also be effective July 6, 2026.”

PPG INDUSTRIES INC reported first quarter 2026 results: EPS $1.70. Guidance initiated.

“PPG (NYSE: PPG) today announced that first quarter 2026 earnings per diluted share (EPS) is $1.70 and adjusted EPS is $1.83, an increase of 6% over the first quarter 2025.”

PPG INDUSTRIES INC incurred senior notes of $700,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 4.375% maturing 2031.

“On November 3, 2025, PPG Industries, Inc. (the "Company") completed an offering of $700,000,000 aggregate principal amount of 4.375% Notes due 2031”

Leon J. Topalian was elected as director at PPG INDUSTRIES INC.

“On April 17, 2025, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Leon J. Topalian as a director of the Company, effective July 16, 2025.”

PPG INDUSTRIES INC incurred senior notes of €900,000,000 with The Bank of New York Mellon Trust Company, N.A. at 3.250% maturing due 2032.

“On March 4, 2025, PPG Industries, Inc. (the “Company”) completed an offering of €900,000,000 aggregate principal amount of 3.250% Notes due 2032 (the “Notes”).”

Ramaprasad Vadlamannati retired as Senior Vice President, Operations at PPG INDUSTRIES INC.

“Ramaprasad Vadlamannati, has elected to retire as Senior Vice President, Operations of PPG Industries, Inc. (the “Company”) and stepped down as Senior Vice President, Operations effective October 1, 2024.”

Ramaprasad Vadlamannati departed as Senior Vice President, Operations at PPG INDUSTRIES INC.

“Ramaprasad Vadlamannati, Senior Vice President, Operations of PPG Industries, Inc. (the “Company”), has announced his intention to retire from the Company.”

PPG INDUSTRIES INC: Amended Articles of Incorporation to add shareholder right to call special meeting (25% threshold) and provide officer exculpation, effective April 19, 2024 (effective 2024-04-19).

“As a result of the shareholders’ approval of the Special Meeting Proposal and the Officer Exculpation Proposal, effective April 19, 2024, the Company amended its Articles of Incorporation as follows: • Article Fifth, Section 5.5 was amended to provide that a special meeting of shareholders may be called by shareholders entitled to cast 25% or more of the votes that all shareholders would be entitled to cast at the meeting; and • Article Ninth was added to the Articles of Incorporation to provide that to the fullest extent of the laws of the Commonwealth of Pennsylvania, as in effect on January 4, 2023, or as thereafter amended, permit the elimination or limitation of the liability of officers”

PPG INDUSTRIES INC shareholders approved Proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2024.

“The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2024 was approved as follows: Votes For Votes Against Votes Abstained 200,445,264 2,266,051 355,901”

PPG INDUSTRIES INC shareholders approved Proposal to amend the Company's Articles of Incorporation to provide for the exculpation of officers of the Company.

“The proposal to amend the Company’s Articles of Incorporation to provide for the exculpation of officers of the Company was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 155,227,516 26,633,075 586,258 20,620,367”

PPG INDUSTRIES INC shareholders approved Proposal to amend the Company's Articles of Incorporation to provide shareholders with the right to call a special meeting.

“The proposal to amend the Company’s Articles of Incorporation to provide shareholders with the right to call a special meeting was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 181,255,165 845,195 346,499 20,620,357”

PPG INDUSTRIES INC shareholders approved Proposal to approve the compensation of the Company's named executive officers on an advisory basis.

“The proposal to approve the compensation of the Company’s named executive officers on an advisory basis was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 174,536,881 7,254,137 655,836 20,620,362”

PPG INDUSTRIES INC shareholders approved Election of four nominees for director to serve in a class whose term expires in 2025.

“The four nominees for director were elected to serve in a class whose term expires in 2025 as follows: Nominees Votes For Votes Against Votes Abstained Broker Non-Votes Michael W. Lamach 161,941,276 20,068,667 436,913 20,620,360 Martin H. Richenhagen 176,015,628 6,144,985 286,247 20,620,356 Christopher N. Roberts III 181,445,999 658,972 341,891 20,620,354 Catherine R. Smith 170,591,236 11,539,723 315,895 20,620,362”

Kathy L. Fortmann was elected as Director at PPG INDUSTRIES INC.

“On April 18, 2024, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Kathy L. Fortmann as a director of the Company, effective July 17, 2024.”

PPG INDUSTRIES INC reported first quarter 2024 results: revenue $4,311, net income $400, EPS $1.69.

“– PPG (NYSE:PPG) today reported financial results for the first quarter 2024. First Quarter Consolidated Results $ in millions, except EPS 1Q 2024 1Q 2023 YOY change Net sales $4,311 $4,380 (2)% Net income $400 $264 +52% Adjusted net income (a) $441 $432 +2% EPS $1.69 $1.11 +52% Adjusted EPS (a) $1.86 $1.82 +2% (a) Reconciliations of reported to adjusted”

PPG INDUSTRIES INC: Amended bylaws to include special meeting shareholder right (conditional on shareholder vote), virtual meeting adjournment notice, shareholder list provision, vice president signing authority, federal forum for Securities Act claims, and conforming changes (effective 2024-01-18).

“On January 18, 2024, the Board of Directors of PPG Industries, Inc. (the “Company”) approved the amendments to the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”) described below, effective immediately.”

Stephen F. Angel departed as director at PPG INDUSTRIES INC.

“On January 18, 2024, Stephen F. Angel informed the Board of Directors of PPG Industries, Inc. (the “Company”) that he plans to retire from the Board, effective at the conclusion of the Board’s February 15, 2024 meeting.”

PPG INDUSTRIES INC reported the fiscal year ended 2023 results: revenue $18.2 billion, EPS $5.35.

“Full-year 2023 highlights include: ◦ Record sales of $18.2 billion; aided by 3% organic sales growth ◦ EPS of $5.35 and record adjusted EPS of $7.67”

PPG INDUSTRIES INC reported the fourth quarter and full-year 2023 results: revenue $4.4 billion, EPS $0.38.

“PPG reports fourth quarter and full-year 2023 financial results • Fourth quarter highlights include: ◦ Record fourth quarter net sales of $4.4 billion”

PPG INDUSTRIES INC updated its full-year guidance (raised).

“PPG reports third quarter financial results; raises full-year EPS guidance”

PPG INDUSTRIES INC reported third quarter 2023 results: revenue $4,644, net income $426, EPS $1.79. Guidance raised.

“– PPG (NYSE:PPG) today reported financial results for the third quarter 2023. Third Quarter Consolidated Results $ in millions, except EPS 3Q 2023 3Q 2022 Y-O-Y change Net sales $4,644 $4,468 +4% Net income $426 $329 +29% Adjusted net income (a) $493 $393 +25% EPS $1.79 $1.39 +29% Adjusted EPS (a) $2.07 $1.66 +25% (a) Reconciliations of reported to adjusted”

Michael W. Lamach was elected as Chair of the Nominating and Governance Committee and independent lead director at PPG INDUSTRIES INC.

“The Board of Directors has elected Michael W. Lamach to succeed Mr. Grant as Chair of the Nominating and Governance Committee and as the Company’s independent lead director.”

Hugh Grant changed role as Chair of the Board's Nominating and Governance Committee and independent lead director at PPG INDUSTRIES INC.

“Hugh Grant informed the Company’s Board of Directors that he plans to end his tenure as Chair of the Board’s Nominating and Governance Committee and as the Company’s independent lead director, effective October 1, 2023”

Michael H. McGarry departed as Executive Chairman and director at PPG INDUSTRIES INC.

“Michael H. McGarry will retire as Executive Chairman and as a director of the Company, effective October 1, 2023.”

PPG INDUSTRIES INC incurred credit facility of $2.3 billion unsecured revolving credit facility with several banks and financial institutions party thereto; JPMorgan Chase Bank, N.A., as administrative agent; JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, BNP Paribas Securities Corp, and Citibank, N.A. as joint lead arrangers and joint bookrunners; PNC Bank, National Association, BNP Paribas, at The Credit Agreement provides that loans denominated in U.S. Dollars will bear i maturing The Credit Agreement will terminate and all amounts outstanding thereunder will be due and payable on July 27, 2028; although, under circumstances specified in.

“The Credit Agreement amends and restates the Company’s existing Amended and Restated Five Year Credit Agreement dated as of August 30, 2019. The Credit Agreement provides for a $2.3 billion unsecured revolving credit facility. The Company has the ability to increase the size of the credit facility provided by the Credit Agreement by up to an additional $750 million,”

PPG INDUSTRIES INC amended Amended and Restated Five Year Credit Agreement with JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, BNP Paribas Securities Corp, and Citibank, N.A. valued at $2.3 billion unsecured revolving credit facility, ability to increase by up to $750 million, extendi (effective 2023-07-27).

“On July 27, 2023, PPG Industries, Inc. (the “Company”) amended and restated its Five Year Credit Agreement, among the Company; the several banks and financial institutions party thereto; JPMorgan Chase Bank, N.A., as administrative agent; JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, BNP Paribas Securities Corp, and Citibank, N.A. as joint lead arrangers and joint bookrunners; PNC Bank, National Association, BNP Paribas, and Citibank, N.A., as co-syndication agents; and Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Banco Santander, S.A., New York Branch, Bank of America, N.A., Goldman Sachs Bank USA, HSBC Bank USA, National Association, Intesa Sanpaolo S.P.A., New York Branch, Societe Generale, Sumitomo Mitsui Banking Corporation, The Toronto-Dominion Bank, New York Branch, Unicredit Bank AG, New York Branch, U.S. Bank National Association, and Wells Fargo Bank, National Association, as co-documentation agents (the “Credit Agreement”).”

PPG INDUSTRIES INC shareholders approved Advisory vote on the frequency of future Say-on-Pay votes..

“At the Annual Meeting, consistent with the recommendation of the Company’s Board of Directors, the Company’s shareholders cast the highest number of votes in favor of holding future Say-on-Pay votes on an annual basis.”

Christopher N. Roberts III was elected as director at PPG INDUSTRIES INC.

“On July 20, 2023, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Christopher N. Roberts III as a director of the Company, effective October 18, 2023.”

PPG INDUSTRIES INC reported the second quarter 2023 results: revenue $4,872, net income $490, EPS $2.06. Guidance raised.

“PPG (NYSE:PPG) today reported financial results for the second quarter 2023. Second Quarter Consolidated Results $ in millions, except EPS 2Q 2023 2Q 2022 Y-O-Y change Net sales $4,872 $4,691 +4% Net income (a) $490 $443 +11% Adjusted net income (a)(b) $534 $430 +24% EPS (a) $2.06 $1.86 +11% Adjusted EPS (a)(b) $2.25 $1.81 +24% (a) From continuing operations (b)”

PPG INDUSTRIES INC shareholders rejected Shareholder proposal to adopt a policy requiring an independent board chair.

“The shareholder proposal to adopt a policy requiring an independent board chair was not approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 74,806,861 113,106,759 831,509 16,080,664”

PPG INDUSTRIES INC shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2023.

“The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2023 was approved as follows: Votes For Votes Against Votes Abstained 203,563,171 909,972 352,650 There were no broker non-votes with respect to this matter.”

PPG INDUSTRIES INC shareholders approved Recommendation on the frequency of future advisory votes on executive compensation.

“On the proposal to recommend the frequency of future advisory votes on the compensation of the Company’s named executive officers, the Company’s shareholders recommend that such votes be held annually as follows: One Year Two Years Three Years Votes Abstained Broker Non-Votes 185,414,387 482,337 2,204,313 644,096 16,080,660”

PPG INDUSTRIES INC shareholders approved Advisory approval of the compensation of the Company's named executive officers.

“The proposal to approve the compensation of the Company’s named executive officers on an advisory basis was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 174,601,704 13,188,479 954,954 16,080,656”

PPG INDUSTRIES INC shareholders approved Election of five nominees for director to serve in a class whose term expires in 2025.

“The five nominees for director were elected to serve in a class whose term expires in 2025 as follows: Nominees Votes For Votes Against Votes Abstained Broker Non-Votes Stephen F. Angel 173,447,360 14,794,397 503,385 16,080,651 Hugh Grant 150,603,788 37,634,639 506,714 16,080,652 Melanie L. Healey 181,738,597 6,538,069 468,478 16,080,649 Timothy M. Knavish 184,091,190 4,208,247 445,703 16,080,653 Guillermo Novo 171,470,309 16,762,583 512,246 16,080,655”

PPG INDUSTRIES INC reported first quarter 2023 results: revenue $4,380, net income $264, EPS $1.11.

“PPG (NYSE:PPG) today reported financial results for the first quarter 2023. First Quarter Consolidated Results $ in millions, except EPS 1Q 2023 1Q 2022 Y-O-Y change Net sales* $4,380 $4,308 +2% Net income $264 $18 +1,367% Adjusted net income** $432 $327 +32% EPS $1.11 $0.08 +1,288% Adjusted EPS** $1.82 $1.37 +33%”

PPG INDUSTRIES INC incurred term loan of €500,000,000 with Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent at Eurocurrency Rate ... plus a margin of 0.79% maturing April 10, 2026.

“On April 12, 2023, PPG Industries, Inc. (the “Company”) entered into a €500,000,000 Term Loan Credit Agreement among the Company, the banks, financial institutions and other institutional lenders party thereto and Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent (the “Credit Agreement”).”

PPG INDUSTRIES INC entered into Credit Agreement with Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent, and the banks, financial institutions and other institutional lenders party thereto valued at €500,000,000 (effective 2023-04-12).

“On April 12, 2023, PPG Industries, Inc. (the "Company") entered into a €500,000,000 Term Loan Credit Agreement among the Company, the banks, financial institutions and other institutional lenders party thereto and Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, as administrative agent (the "Credit Agreement").”

PPG INDUSTRIES INC amended Term Loan Amendment with BNP Paribas, as administrative agent, and the lenders parties thereto valued at $2,000,000,000 (effective 2023-03-23).

“Also on March 23, 2023, the Company entered into Amendment No. 1 to its $2,000,000,000 Term Loan Credit Agreement (the “Term Loan Amendment” and, together with the Five Year Credit Agreement Amendment, the “Amendments”), dated as of February 19, 2021, among the Company, the lenders parties thereto, BNP Paribas, as administrative agent, PNC Bank, National Association, as syndication agent and BNP Paribas Securities Corp. and PNC Capital Markets LLC, as co-lead arrangers and co-bookrunners (as amended, the “Term Loan Credit Agreement” and, together with the Five Year Credit Agreement, the “Credit Agreements”).”

PPG INDUSTRIES INC amended Five Year Credit Agreement Amendment with JPMorgan Chase Bank, N.A., as administrative agent, and the several banks and financial institutions party thereto (effective 2023-03-23).

“On March 23, 2023, PPG Industries, Inc. (the “Company”) entered into Amendment No. 1 to its Amended and Restated Five Year Credit Agreement (the “Five Year Credit Agreement Amendment”), dated as of August 30, 2019, among the Company; the several banks and financial institutions party thereto; JPMorgan Chase Bank, N.A., as administrative agent; BNP Paribas, Citibank, N.A., MUFG Bank, Ltd. and PNC Bank, National Association, as co-syndication agents; and J.P. Morgan Chase Bank, N.A., BNP Paribas Securities Corp., Citibank, N.A., MUFG Bank, Ltd. and PNC Capital Markets LLC, as co-lead arrangers and co-bookrunners (as amended, the “Five Year Credit Agreement”).”

Michael H. McGarry departed as Executive Chairman and director at PPG INDUSTRIES INC.

“Mr. McGarry also informed the Board of Directors that he intends to retire as Executive Chairman and as a director of the Company, effective October 1, 2023.”

Timothy M. Knavish was elected as director at PPG INDUSTRIES INC.

“The Board of Directors also elected Mr. Knavish as a director”

Rebecca B. Liebert resigned as Executive Vice President at PPG INDUSTRIES INC.

“On August 30, 2022, Rebecca B. Liebert, Executive Vice President of PPG Industries, Inc. (the “Company”), informed the Company of her intention to leave the Company to explore an external opportunity, effective September 16, 2022.”

John V. Faraci retired as Director at PPG INDUSTRIES INC.

“John V. Faraci turned 72 before the 2022 Annual Meeting and in accordance with this requirement Mr. Faraci retired from the Company’s Board of Directors, effective at the 2022 Annual Meeting.”

Timothy M. Knavish was appointed as Chief Operating Officer at PPG INDUSTRIES INC.

“On December 9, 2021, Timothy M. Knavish was appointed Chief Operating Officer of PPG Industries, Inc. (the “Company”) effective March 1, 2022.”

Brian R. Williams was appointed as Vice President and Controller and Chief Accounting Officer at PPG INDUSTRIES INC.

“On December 9, 2021, Mr. Williams was appointed Vice President and Controller and Chief Accounting Officer of the Company, effective that day.”

Brian R. Williams was appointed as Acting Controller and Acting Chief Accounting Officer at PPG INDUSTRIES INC.

“Effective August 1, 2021, Brian R. Williams will serve as Acting Controller and Acting Chief Accounting Officer of the Company until a permanent replacement is appointed.”

William E. Schaupp resigned as Vice President and Controller and Chief Accounting Officer at PPG INDUSTRIES INC.

“On July 6, 2021, William E. Schaupp, Vice President and Controller and Chief Accounting Officer of PPG Industries, Inc. (the “Company”) submitted his resignation, effective July 31, 2021.”